The Met Receives $1 Billion Art Collection From Leonard Lauder

For all our art aficionados, news of Estée Lauder’s chairman emeritus and his recent donation of art worth over $1 billion is particularly exciting. Among the 78-piece collection (collected by Lauder over a period of 40 years) are works by Braque, Gris, Léger, and Picasso.

Met director and CEO Thomas Campbell said, “Although the Met is unique in its ability to exhibit over 5,000 years of art history, we have long lacked this critical dimension in the story of modernism. Now, Cubism will be represented with some of its greatest masterpieces, demonstrating both its role as the ground-breaking movement of the 20th-Century and the foundation for an artistic dialogue that continues today. This is an extraordinary gift to our museum and our city.”

With this latest collection, the museum has plans to launch The Leonard A. Lauder Research Center for Modern Art, which will function as a center for scholarship on Cubism and modern art.

According to the Met, The Lauder Collection will be unveiled in late 2014.

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